EazyStock

NOVEMBER 17, 2022

This year, purchasing teams are also facing continued challenges due to global supply chain and logistics pressures, component shortages, and soaring prices for electricity and fuel. The key is to keep track of your inventory planning and purchasing processes. Successful sales during this period come down to many factors.

Procurement Solutions 52

Procurement Solutions Purchasing Skills Purchasing Supply Chain Planning Software 52

MTS Logistics

NOVEMBER 26, 2021

To all procurement and logistics specialists, how many of your daily emails pertain to purchase orders? Many companies have not automated this fundamental Purchase Order operation. Many companies have not automated this fundamental Purchase Order operation. Specifications on a Purchase Order (PO): PO Number. Total price.

Purchasing Skills 80

Purchasing Skills Procurement Analytics Purchasing Negotiate Pricing 80

Freightos

DECEMBER 20, 2022

From lockdown-induced purchasing highs, soaring logistics costs and supply chain snarls to waning demand, soaring inflation, and fears of recession – there has never been a dull moment. . The post Freight Cost Volatility Impacts on Inflation – An Analysis appeared first on Freightos. Bureau of Economics as part of annual GDP.

Purchasing Skills 62

Purchasing Skills Analysis Cost Reduction Freight 62

FreightWaves SONAR

DECEMBER 15, 2020

A freight spend analysis can help cut those extra costs. Performing a freight spend analysis reveals extra costs deriving from unforeseen issues. Let’s look at a few best practices and steps to conduct a comprehensive, insightful cost analysis. Know the scope and value of a freight spend analysis.

Analysis 59

Analysis Procurement Analytics Optimization Software Optimal Sourcing 59

ShipLilly

FEBRUARY 12, 2021

Meanwhile purchasing patterns are continuing to evolve in response to the unique set of circumstances created by the COVID-19 pandemic. Take for example the increased emphasis on the purchase of household goods via e-Commerce platforms. The post Analysis on 2021 Container Shipping Delays appeared first on ShipLilly.

Analysis 105

Analysis Manufacturing Procurement Purchasing Skills Price Reduction 105

EazyStock

JUNE 18, 2019

If you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC analysis (otherwise known as ABC classification ). In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of XYZ analysis.

Analysis 51

Analysis Inventory Reduction Inventory Procurement Solutions 51

EazyStock

JUNE 18, 2019

If you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC analysis (otherwise known as ABC classification ). In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of XYZ analysis.

Analysis 40

Analysis Inventory Reduction Inventory Procurement Solutions 40

GlobalTranz

MARCH 24, 2015

Carriers in the trucking industry and also shippers today are actively looking for ways to combat the rising costs of operating their businesses, but they often do not fully understand proper benchmarking, transportation cost analysis, and profit management are intertwined. Inbound freight costs as percentage of purchases.

Purchasing Skills 94

Purchasing Skills Cost Reduction Analysis Procurement Analytics 94

Blue Grace Logistics

APRIL 24, 2019

How Will a Supply Chain Analysis Help You? A timely and periodic analysis will work as a preventive health check-up for your supply chain thus ensuring it continues to operate at an optimum level. An end-to-end in-depth analysis will also highlight which processes are redundant or need to be restructured. Call us at 800.MY.SHIPPING

Supply Chain Planning Software 54

Supply Chain Planning Software Supply Chain Design Software Supply Chain Design Analysis 54

Logistics Bureau

AUGUST 2, 2021

For example, you might use simple observation to identify visible defects at goods-in, or you could make your analysis a bit deeper by testing a percentage of items received from the supplier. Emergency Purchase Rate. For that reason, the emergency purchase rate KPI is one you should certainly be keeping an eye on.

Procurement Analytics 117

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 117

Logistics Viewpoints

MAY 13, 2024

This technology allows businesses to unify their procurement, expense management, invoicing, payments, sourcing, contract management, and spend analysis processes and reporting. This solution provides for purchase order collaboration. Coupa’s BSM platform is based on a public cloud that connects 3500 buyers to ~10 million suppliers.

Procurement Solutions 86

Procurement Solutions Modeling Software Procurement Analytics Logistics Network Optimization Software 86

Logistics Viewpoints

JUNE 8, 2022

I tend to use time series analysis as an anchor to my forecast, as I suspect many of you do. Inflation has led me to review the likely magnitude of importance for certain purchases, as employee compensation is not increasing at the same rate as inflation, diminishing purchasing power. New Factors with Limited History.

Scenario Planning 130

Scenario Planning Analysis Events Purchasing Skills 130

FreightWaves SONAR

APRIL 16, 2024

The benefits of having the Confidence Score, Lane Scores and OTRI in comparison to the buy rates at which brokers are purchasing can provide a large opportunity for margin adjustments. By coupling the market insights along with rate-per-mile deltas, SONAR customers can make informed decisions regarding their buy rates. Not a SONAR customer?

Optimization Software 52

Optimization Software Optimization Networks Network Optimization Software 52

Logistics Viewpoints

JUNE 8, 2023

While the initial purchase cost of an existing platform may appear higher, the added benefits, scalability, and efficiencies it provides ensure lower costs over the long term and higher lifetime value. Purchasing technology from a vendor can be a complex task, especially when it comes to estimating costs.

Modeling Software 121

Modeling Software Optimization Software Supply Chain Design Software Logistics Network Optimization Software 121

3PL Links

MAY 3, 2023

According to a report, just 21% of purchasing executives grasp the difficulties of lack of visibility in the supply chain, which becomes even more crucial when the entire chain is struggling to ensure output and satisfy input demand. Why not employ technology for supply chain management if a data strategy can enhance sales?

Sourcing Strategies 62

Sourcing Strategies Inventory Reduction Material Savings Cost Reduction 62

The Logistics of Logistics

DECEMBER 6, 2021

Because restaurants were closed, vacation travel restricted, and many big purchases delayed because of pandemic-driven shortages – bored, house-bound consumers bought a lot of stuff that had to be made in Asia and shipped to America’s West coast ports (Los Angeles and Long Beach). Learn More About Solving The Port Problem.

Inventory Reduction 195

Inventory Reduction Material Savings Maritime Supply Chain Software 195

3PL Links

JANUARY 14, 2024

Strong technologies like blockchain, artificial intelligence (AI), and the Internet of Things (IoT) will continue to revolutionize purchasing procedures in addition to increasing sustainability. In 2024, risk mitigation, supply chain control, and operational resilience will all depend on data analysis and information visibility.

Supply Chain Software 48

Supply Chain Software Supply Chain Planning Software Supply Chains Trends 48

EazyStock

MAY 11, 2021

If you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC classification (otherwise known as ABC analysis ). In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of XYZ analysis.

Inventory Reduction 52

Inventory Reduction Inventory How To Procurement Solutions 52

Logistics Bureau

SEPTEMBER 24, 2019

Cost to Serve analysis is a great way to spot these problem areas. I’m going to give you a very good idea how to do the analysis and you will be able to apply this approach to any function in the supply chain – transport, inventory, purchasing, customer service. Subscribe to our Youtube Channel.

Purchasing Skills 48

Purchasing Skills Analysis Purchasing Inventory 48

Logistics Viewpoints

NOVEMBER 6, 2023

Increasingly, companies will take sustainability criteria into account in their purchasing decisions. Analysis of what is reported may suggest that a supplier has not been totally forthcoming in what they have reported on the platform. Large corporations often have thousands, sometimes tens of thousands, of direct material suppliers.

Supply Chain Planning Software 133

Supply Chain Planning Software Resource Reduction Material Savings Procurement Analytics 133

The LoadStar

FEBRUARY 15, 2018

“We see scale as a clear competitive advantage in the logistics market, because operational leverage and purchasing power increase with rising freight volumes. The post Analysis: regional autonomy the next move for DSV, or another major takeover appeared first on The Loadstar. ” (DSV results).

Analysis 28

Analysis Purchasing Capacity Networks 28

Ship Monk

APRIL 5, 2024

To engage in SRM, you’ll need SIM and SPM: an SIM (supplier information management) tool centralizes basic contact and purchasing data for all of your suppliers; an SPM (supplier performance management) tool measures how well each supplier is performing against the terms of the contract. SRM is more than a one-and-done analysis.

Negotiate Pricing 82

Negotiate Pricing Negotiating Skills eCommerce Purchasing Skills 82

Apparel Logistics

SEPTEMBER 27, 2017

Four out of five shoppers say they're more likely to purchase online when e-tailers offer free shipping. As they're lightweight and easy to make, corrugated cardboard boxes are inexpensive to purchase and ship. Modern consumers are demanding more from their e-tailers than ever before.

Eliminating Excel in Purchasing 48

Eliminating Excel in Purchasing Purchasing Skills Analysis Procurement Solutions 48

Apparel Logistics

SEPTEMBER 27, 2017

Four out of five shoppers say they're more likely to purchase online when e-tailers offer free shipping. As they're lightweight and easy to make, corrugated cardboard boxes are inexpensive to purchase and ship. Modern consumers are demanding more from their e-tailers than ever before.

Eliminating Excel in Purchasing 48

Eliminating Excel in Purchasing Purchasing Skills Analysis Procurement Solutions 48

Logistics Viewpoints

MAY 1, 2019

The recent analysis shows that e-commerce continues to exert its influence on WMS market growth. However, there is a notable shift in the market pressures and the profiles of companies purchasing WMS to support their fulfillment operations.

Study 90

Study Analysis Purchasing Examples 90

Logistics at MPEPS at UPV

MAY 11, 2022

Suppliers use predictive analysis based on the purchasing patterns of their customers to determine the amount of raw materials needed at any moment. Warehouse planning depends on a thorough analysis of the purchasing patterns and information from your stock, suppliers, warehouses and market trends.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 52

SYSPRO Smarter ERP

OCTOBER 9, 2023

Therefore, companies should have a system to collect and consolidate the data for reporting and analysis. This requires access to what and how buyers make purchasing decisions, and the current cost of inventory in the warehouse. This can be used in costing analysis and equipment profitability.

Manufacturing Procurement 111

Manufacturing Procurement Purchasing Skills Cost Reduction Optimal Sourcing 111

Ship Monk

APRIL 16, 2024

Credit Card/Identity Fraud Scammers obtain payment information from unsuspecting users using phishing, pharming and whaling schemes, then use the stolen credentials to purchase items from ecommerce stores. The scammer then has access to the stored payment cards for that account and can use them to make fraudulent purchases.

eCommerce 82

eCommerce Modeling Software How To Procurement Solutions 82

WorkWave

DECEMBER 11, 2023

This allows you to better track your business expenses for more accurate analysis and planning. Consistently separating professional and personal purchases also simplifies things significantly when it’s time to get things in order for tax filing. Are there different types of business credit cards?

Purchasing Skills 52

Purchasing Skills Purchasing Material Savings Security 52

SYSPRO Smarter ERP

JULY 3, 2023

ML systems can identify patterns from the large amounts of structured and unstructured business and industry data that companies increasingly collect, and provide analysis and insights to users to help their decision-making. Product development When designing a new product or improving an existing one, extensive data analysis is required.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Data Optimization Software 98

SYSPRO Smarter ERP

APRIL 6, 2023

The software can automatically capture invoice data and match it against existing purchase orders and receiving reports , ensuring that all information is accurate. Your employees may spend hours manually entering data into your accounting system and matching invoices to purchase orders.

Manufacturing Procurement 98

Manufacturing Procurement Automation Vendor Strategies Procurement Solutions 98

Blue Grace Logistics

JULY 27, 2021

Approaching a demand analysis with historical data and seasonal variations is no longer competent. Customer expectations and the buying capacity of the purchaser coupled with the cost of substitutes or complementary goods also play an important role. Every step of the way can use predictive analysis. billion by 2022.

Procurement Analytics 62

Procurement Analytics Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 62

The Logistics of Logistics

FEBRUARY 12, 2021

Prior to his time in consulting, Ilya was a Supply Chain Strategy Manager at Cummins Inc, where he oversaw $100M in spend and was responsible for developing the commodity strategy for sheet metal fabrication and raw metal purchases. Ilya earned a Bachelor of Science in International Business from the University of Indianapolis. About PAXAFE.

Expense Reduction 195

Expense Reduction Freight Supply Chain Software Modeling Software 195

Trans Global Auto Logistics

MARCH 30, 2021

Whether you plan to buy a classic car for investment or keep it as a collectible, purchasing used vehicles can be risky. A professional pre-purchase inspection will help you identify any issues with the vehicle so you can decide if the classic car is worth your money. What is a Pre-Purchase Car Inspection?

Purchasing Skills 98

Purchasing Skills Procurement Analytics Purchasing Logistics Network Optimization Software 98

SYSPRO Smarter ERP

MAY 2, 2024

We are starting to see document recognition services in AI which automate tasks such as invoicing, purchase orders and bank reconciliations. The other emerging area around AI in ERP focuses on trend analysis and forecasting. More important is identifying ways to streamline internal processes so that the business is sustainable.

ERP 59

ERP Supply Chain Planning Software Modeling Software Optimization Software 59

MTS Logistics

MARCH 1, 2024

The final purchase price was $5.25 One big effect of CMA CGM’s purchase of Bolloré Logistics will be CMA CGM’s entry into new industries it did not previously specialize in. The deal had been in the works for some time, with initial talks and intent to acquire Bolloré Logistics stretching back nearly a year, to Spring 2023.

Multimodal transport 83

Multimodal transport Logistics Network Optimization Software Purchasing Skills Logistics 83

SYSPRO Smarter ERP

NOVEMBER 30, 2021

Other related tools such as Pareto analysis identify which products are most profitable and hence those you should focus your attention on. Charged with this critical task, the purchasing department can leverage its Material Requirements Plan (MRP) to stay abreast of what’s needed, how much and when. Managing Inventory.

Supply Chain Planning Software 105

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Manufacturing Procurement 105